wifes mom passed away last December. after all the stuff with the will and division of assets my wife inherited Kimball stock to the tune of $42,000. We're seriously thinking about selling it to get us closer to being debt free. Pay off the camper, one remaining credit card and maybe even the house. Anybody have any experience dealing with stocks? If we sell what percentage will we have to pay in taxes and such? I'm guessing we'll have to pay 20%-25% in taxes but I don't know. any help/ advice would be appreciated. This block of stock doesn't pay any dividends or whatever. So nothing really to gain keeping it.
She did get a larger "block" of stock that pays dividends that she is thinking of holding onto for a while yet. Thanks all.
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